View Single Post
  #2  
Old 09-27-2009, 12:24 AM
Sparty Sparty is offline
Administrator
 
Join Date: Mar 2009
Posts: 1,805
Default Thanks Laura... I wonder if the coal fired stations can "clean" up?

Here in Australia we are seeing a huge (relative to Australia) amount of money being directed towards carbon capture and storage for our new and existing coal powered electricity generators plants. The problem is that there has not been a successful trial and many of our scientists believe it to be the impossible dream in economic if not scientific terms. (Australia is also involved in projects designed to get a cleaner burn)

This places Australia in a very difficult position as we are one of the world's most coal dependant economies for electricity production.

Our Government's support of geothermal developement has been dwarfed by the contributions to carbon capture and yet we have some of the world's shallowest hot rocks with suitable insulators in areas almost under our national grid. http://www.HotRockEnergy.com is designed to give a bird's eye view of Australia's Geothermal potential, its players and the current issues.

Australia also has abundant gas and uranium. http://www.australian-gas.com, and http://www.australianuranium.com.au are a good starting point to gain an understanding.

We also have massive deposits of very deep lower quality coal that is very suitable for underground coal gasification (UCG) and we have the world's first successful plant where UCG has been combined with gas to liquids (GTL). Plus we currently have two or possibly three electricity generators that are using UCG produced syngas for their energy source. See http://www.ucg-gtl.com.

But not withstanding the above I believe that our future rests with Geothermal energy for base load electricity production unless we go down the nuclear reactor road which I feel would be a second class choice for a country as richly endowed as Australia with hot rocks.

Footnote: We have also recently seen our Govt. playing favourites within the various alternative energy fields with quite an inbalance between funding for wind and solar over geothermal.

 

Disclaimer: The author of this post, may or may not be a shareholder of any of the companies mentioned in this column. No company mentioned has sponsored or paid for this content. Comments on this forum should never be taken as investment advice.

Reply With Quote